Author(s):
Marjorie Rose

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
June
1990

ISBN: 9781451970579

This paper examines the effects of capital controls on asset prices. A closed-form valuation model by Eun and Janakirimanan (1986) is extended to analyze the impact of three restrictions on international portfolio...

Author(s):
International Monetary Fund. External Relations Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
January
1997

ISBN: 9781451951905

For the latest thinking about the international financial system, monetary policy, economic development, poverty reduction, and other critical issues, subscribe to Finance & Development (F&D). This lively quarterly...

Author(s):
Sunil Sharma
,
Woon Choi
, and
Maria Strömqvist

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
July
2007

ISBN: 9781451867152

This paper examines the interaction between capital flows and international reserve holdings in the context of increasing financial integration. For emerging markets the sensitivity of reserves to net capital flows...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
January
2002

ISBN: 9781451842791

This paper discusses the forces driving capital flows in the transition countries of Central and Eastern Europe (CEE). It argues that various influences&#x2014;specifically, the real exchange rate history and trend...

Publication Date:
01
November
1998

ISBN: 9781451857641

This paper distinguishes between debt and equity flows in the presence of information asymmetry between the firm&#x2019;s &#x201C;insiders&#x201D; and &#x201C;outsiders&#x201D; in a small open economy. It shows the...

Author(s):
Jörg Decressin
, and
Piti Disyatat

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
August
2000

ISBN: 9781451857221

The paper compares the degree of capital market integration across euro-area countries with that across regions in Italy and provinces in Canada. Analyzing saving-investment correlations, and developing as well as...

Publisher: INTERNATIONAL MONETARY FUND

Publication Date:
01
July
2007

ISBN: 9781451867541

This paper reviews the experiences of a number of European countries in coping with capital inflows. It describes the nature of the inflows, their implications for macroeconomic and financial stability, and the pol...

Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead paper, by Olivier Blanchard of Harvard University, is...